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- Title
Financial Innovations and the Actual Crisis.
- Authors
Titus, Suciu
- Abstract
The paper presents the main financial innovations such as: floating-rate notes, adjustable-rate mortgages, financial derivatives, junk bonds, securitization, collateralized debt obligations (CDO). We consider that the CDO are the main responsible for the present financial crisis and this is the reason for which we devoted to them a more developed paragraph. We think that the solution regarding the banks' non-performing assets is to take a bank with problems and splitting it in two: a ''good'' bank, where all performing assets should go and a ''bad'' bank, which should contain all the others. At conclusions the paper includes a paragraph advancing solutions suggested by the author to overcome the economic crisis in Romania.
- Subjects
TECHNOLOGICAL innovations; FLOATING rate notes; ADJUSTABLE rate mortgages; DERIVATIVE securities; JUNK bonds; ASSET backed financing; COLLATERALIZED debt obligations; ASSETS (Accounting)
- Publication
Ovidius University Annals, Series Economic Sciences, 2012, Vol 12, Issue 2, p530
- ISSN
2393-3127
- Publication type
Article